Analysts maintain a bullish perspective on XRP, with short-term price targets around $4 and a cycle top projected above $20. The current price shows a consolidation within a symmetrical triangle which suggests a potential bullish breakout towards $4. Despite a recent price drop from $3.66 to $2.72, the overall macro outlook for XRP remains optimistic. The analyst XForceGlobal highlights that this price action reflects a new distribution phase before what could be a significant upward movement. Two scenarios are presented: either the recent pullback resembles past cycles leading to strong price surges, or continuing distribution before a large Wave 3 upwards occurs. In both cases, the long-term price target for XRP lies between $19 and $30. The current trading dynamics require a daily close above $3 to confirm a bullish breakout for XRP, indicating a possible 34% increase to reach the $4 target. Technical analysis indicates prevailing bullish chart patterns with expectations for a breakout in the near term.

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